Broden has finally been spotted after years in hiding
http://www.heraldsun.com.au/leader/north/woolworths-shoppers…
…sigh
Senseless human beings
Broden Makes The News
ahly92 on 09/11/2015 - 21:09
Last edited 09/11/2015 - 21:10
Last edited 09/11/2015 - 21:10
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I'm so stupid to not realise this booming demand. I could've quit my normal job by now selling baby formula at an extremely marked up 500% to chinese people.
It is never too late to do it
Thus, some supermarkets have sign in foreign language to limit max of purchase of six cans and reserve the right to refuse selling for commercial quantities.
Lucky that you are living thousands km away, imagine you are living daily next to the senseless human beings who care no one else but themselves and money.
I am surrounded by senseless human beings who don't care about anyone else…
Perhaps but at least our regulations are strong enough and enforced enough to the point where our babies don't develop kidney stones
A young guy who started to import formula from Europe 7 years ago has turnover $15 million.
You may only know about formula.
Not sure if you notice Broden also buy your lobsters, king crabs, seafood, lamb now beef … your family and my family are paying top dollars for 2nd/3rd grade produce while the 1st grade has now mainly for export.
Brozhen?
Xiaobro?
Not a parent but I'm somewhat glad that the chemist warehouse stores I frequent seem to enforce their limits quite strictly
And yet what happens with powdered milk could never happen with houses…
I think that might get a bit of attention. I'm not sure the barrier reef could handle the shipping if Ex-pats were sending buildings back…
Asians…
No, just Chinese I believe.
It's funny walking past that Pharmacy in Melbourne Central - where their windows are filled with bulk-wrapped Swisse jars and other medical products (not sure about baby formula) - packaged like slabs of bottled water.
Let's talk serious economics. Since there's so much (Chinese) demand, why is the supply not being ramped up to keep up with both Chinese and local demand?
I believe Chinese people in China prefer not to buy off their local supermarket shelves because they don't trust it (even if Bellamy's themselves fill the shelves), opting to buy their stock from Aunt uhh, Zhang living in Australia instead. Surely Bellamy can find a way to meet the demand while maintaining trust in Chinese consumers while not infuriating local Aussie baby formula buyers? The free market can surely solve something like this?
Also, sociologically/socially speaking, it is in everyone's interests for this issue to be solved (Australian and Chinese getting the baby formula they want). If you read the comments, you'll notice the somewhat "F OFF WE'RE FULL", "This is Australia, not China Town"-esque responses. Not unlike the wealthy Chinese buying houses issue (although that can be considered a different issue).
Solving the baby formula issue means the more racist/nationalist of us are less inclined to angry outbursts/have less reason to go on anti-Chinese/Asian tirades and the innocent Chinese/Asians are less likely to be on the receiving end of said tirades.
Because the market is not completely competitive (if someone chooses to buy from place A regardless of higher price, the supplier at place A can control price to some degree). Monopolists (or people with monopolistic power) choose price and will choose to supply less at higher price for higher profit in many many many cases. Besides, you are breaking a lot of assumptions that the "free market" model operates best in if you bring it to the real world (uncertainties, people's behaviour etc etc etc). You cannot even be certain whether working for a competitive market will give out the best solution since there are assumptions that you break when you bring it to the real world. Of course, I am simplifying things bit too much.
Apparently it's not cost effective for australian companies to build an entire new plant. And also, apparently you can't import commercial quantities into china (this will be a grey import)
I saw a similar thing at my local Woolies last month at 11pm…thought there was a deal in Ozbargain so quickly checked lol
Nothing new, this has happened in HK already, but all the shelves are probably cleared out, hence Australia was the next target!
The company that does the shipping from Australia to China is rolling in cash, charging $9/kg with no competitions for at least 5 years already ( read it somewhere), they send up to 40 tonnes a week into China.
I heard from my landlady, who frequently sends milk powder into China said that the shop has been buying out all the milk powder from various supermarkets so the customers have no choice but to purchase the milk powder from them.
I am not a parent yet but I hope this issue will be resolved by the time I am.
Isn't this fallout from the Chinese melamine contamination thing?
I'm surprised they haven't restored confidence in their populace. On the other hand, since Australia is "open for business" this is a great export opportunity!
Note to Brodens: the real export money (to China) is in abalone. Huge risk/reward.
There is a little store beside wonderbao in melbourne, which is stacked to the roof with baby formula.
They sell only baby formula for the asian markets.
Sure when I want to buy 7 packets of Kettle Chilli Chips it's 'wholesale' quantity but 3 trolley fulls of Baby Milk is okay…
More reading material:
Furious mother snaps photo of shopper bulk buying Bellamy's organic milk formula as the product 'disappears from shelves' but can be bought on Chinese eBayApparently it's been happening for a long time in Hong Kong too.
Apparently it's been happening for a long time in Hong Kong too.
Yup, and from what I heard, that drove the prices up for the baby formulas over there. No doubt the same things gonna happen here in Australia soon and it will be the Australian locals who will be affected and will pay the price.
I dont understand why these formula companies arnt cashing in on the demand even more by setting up their own webstores specifically catering for china. This is eliminate 'fake' tins being sold at local stores in china and they can have the direct thing delivered to their doors. Also they can be more competitive with their pricing thus flushing out any profits that can be made by these "Australian distributors"
apparently its due to the cost of setting up manufacturing, and that the chinese government could block the importation very quickly
We've been directlt impacted by this. We were down to our last half of can of baby formula and thought id head to local woolies to get some more. None there or the three woolies i went to. Ended up calling about 20 coles and woolies with none having the baby formula we need.
Thankfully after calling a further 10 chemist warehouse we found one that just got a shipment in. They had a 3 can policy but i bought 9 over a three day period. Im not taking a chance of my baby running out.
This has been happening in NZ too for the past few years, most supermarkets here limit to 2 units per customer etc